Real Estate Investing in Greer, Arizona (85927)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Apache County • Population: 168 • Data updated: September 2026

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Should you buy in 85927 (Greer, AZ)? Our answer, based on the numbers below.

🏠 For Homebuyers
WEAK FIT
Grade F (20/100)

Multiple negative signals. Better options likely exist nearby.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 89.0% of homes vacant — above national norms.
  • 1-year downturn: Values declined 3.0% in the last year.
  • High price-to-rent: Price-to-rent ratio 38.5 — hard to cash-flow at these prices.

• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Greer, AZ (85927)?

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2.0/ 5

Investability

Overall investment appeal

0.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $539,922
Avg Monthly Rent $1,170
1% Rule ✗ Does Not Meet
Median Income $85,083
% Renters 0.0%

Market Analysis: 85927 Greer

The 85927 ZIP covers a section of Greer that demands careful diligence. Prices near $540K look accessible, but the work to make a deal cash flow is real.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $540K asset, 85927 is the wrong submarket. If the plan prices in friction, the yield can still work.

The gap between 85927 and stronger Greer ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

Who lives in 85927 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.

Strategically, 85927 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Greer:

D Needs Caution
Buy Confidence Score: 35/100
Affordability
5/25
Appreciation
0/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Expensive
Homes cost 6.3× the median income
Value Trend
Declining (-3.0%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,170/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: This market may be challenging for buyers. Consider your timing and budget carefully.

Market Trends

Home Value History (with trend line)

$568K$551K$534K$517K$500K$484KFeb 2023Nov 2024Jul 2026

📊 How Does 85927 Compare?

Metric 85927 Greer Arizona
Home Value $539,922 $539,922 $419,643
5-Year CAGR N/A N/A 6.5%
Avg Rent $1,170 $1,170 -
Cap Rate 1.7% 1.7% -
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 85927 (Greer, AZ). Anonymous, moderated, never written by AI.

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Investability
Fair
Cap Rate
1.7%
Low

📊 Market Snapshot

Home Value $539,922
Monthly Rent $1,170
Price-to-Rent 38.5:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 2.6%
Cap Rate 1.7%
5-Year IRR 4.1%

📈 Home Appreciation

1-Year -3.0% ▼
3-Year CAGR +2.4% ▲
5-Year CAGR N/A
10-Year CAGR N/A

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 1.7%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.

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⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
89.0%
Elevated risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
N/A
Stable
Eviction process: Fast Rent control: Favorable

Demographics in 85927

Population: 168

💰 Median Household Income
$85,083
This area
$85,083
State
$66,355
USA
$74,580
🏠 Renter Occupied
0.0%
This area
0.0%
State
28.6%
USA
34.0%
💼 Unemployment Rate
0.0%
This area
0.0%
State
-23.2%
USA
3.7%
🎓 College Educated
42.0%
This area
42.0%
State
-1.0%
USA
33.7%
👤 Median Age
69.9 years
This area
69.9 years
State
11.1 years
USA
38.9 years
🏚️ Vacancy Rate
89.0%
This area
89.0%
State
19.2%
USA
10.5%
👥 Population by Ethnicity
Hispanic/Latino 67.1%
Other/Mixed 67.1%
White 32.9%
👶 Under 18
14.4%
This area
14.4%
USA
22.0%
👴 65 and Over
59.3%
This area
59.3%
USA
17.3%
📊 Poverty Rate
0.0%
This area
0.0%
USA
11.5%

Crime & Safety

🚧

Crime & Safety Data Coming Soon

We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.

Expected: Q1 2025

Frequently Asked Questions

Is Greer, AZ a good place for real estate investing?

Greer, AZ reports an investability rating of 2.0/5, with median home values near $540K and average rents around $1,170/mo. That combination puts it in the robust tier for investor interest.

Is the tenant base reliable in Greer, AZ?

The renter base in Greer, AZ is reasonable for the $1,170/mo price point. Screening well and pricing to market typically yields predictable tenants.

What are vacancy rates like in Greer, AZ?

Vacancy in Greer, AZ is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,170/mo.

Is house hacking profitable in Greer, AZ?

House hacking works a challenging in Greer, AZ. Rents of $1,170/mo against $540K acquisition make the strategy solid for owner-occupants.

How much rent can I charge in Greer, AZ?

Greer, AZ rentals go for roughly $1,170/mo a month. That puts gross yield in solid territory relative to $540K acquisition costs.

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